ACE LIBERTY AND STONE PLC
(''Ace'' or "the Company'')
First Dividend Announcement for the financial year ended 30 April 2023
Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to announce the first interim dividend for the year ending 30 April 2023 of 3.4p per ordinary share. There are currently 58,870,250 shares in issue and therefore the dividend will total £2,001,589.
The dividend will be paid on or around 21 October 2022 to all shareholders on the register as at 7 October 2022. Ex-dividend date is 06 October 2022. Payment of this dividend is the first dividend payment since 13 November 2019. The directors are pleased to be able to resume dividend payments following the Covid pandemic and the subsequent economic uncertainty. The directors believe the prospects for the Company's future are good and the Company expects to resume regular dividend payments subject to adequate profitability and cashflow.
Ismail Ghandour, Chief Executive Officer, commented:
"For three years the Company has been prevented from making dividend payments for reasons beyond its control. This payment goes some way to catching up and we intend to resume our previous dividend policy as enabled by our trading performance."
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The Directors accept responsibility for this announcement.
For further information, please contact:
| Ace Liberty & Stone Plc |
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| Ivan Minter, Financial Director |
Tel: +44 (0) 20 7201 8340 |
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http://acelibertyandstone.com |
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| Alfred Henry Corporate Finance Ltd, AQSE Growth Market Corporate Adviser |
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| Jon Isaacs / Nick Michaels |
Tel: +44 (0) 20 3772 0021 |
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| SP Angel Corporate Finance LLP Broker |
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| Vadim Alexandre / Rob Rees |
Tel: +44 (0)20 3470 0470 |
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www.spangel.co.uk |
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Notes to Editors
Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Manchester, Gateshead, Barnstaple, Margate and Northampton. The Company locates commercial properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation. Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than-average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.
Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.
For more information on the Company please visit www.acelibertyandstone.com
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